First Citizens Bank & Trust Co. Boosts Stake in Honeywell International Inc. (NASDAQ:HON)

First Citizens Bank & Trust Co. raised its position in Honeywell International Inc. (NASDAQ:HONFree Report) by 49.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,943 shares of the conglomerate’s stock after purchasing an additional 4,635 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Honeywell International were worth $2,924,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HON. 1776 Wealth LLC increased its position in Honeywell International by 2.7% during the 4th quarter. 1776 Wealth LLC now owns 1,918 shares of the conglomerate’s stock valued at $411,000 after buying an additional 50 shares in the last quarter. Morton Capital Management LLC CA lifted its position in shares of Honeywell International by 0.9% in the third quarter. Morton Capital Management LLC CA now owns 5,828 shares of the conglomerate’s stock valued at $1,077,000 after acquiring an additional 50 shares in the last quarter. Wayfinding Financial LLC lifted its position in shares of Honeywell International by 3.4% in the fourth quarter. Wayfinding Financial LLC now owns 1,515 shares of the conglomerate’s stock valued at $317,000 after acquiring an additional 50 shares in the last quarter. Patten Group Inc. increased its holdings in shares of Honeywell International by 0.4% in the fourth quarter. Patten Group Inc. now owns 11,705 shares of the conglomerate’s stock worth $2,455,000 after purchasing an additional 52 shares during the last quarter. Finally, Gilbert & Cook Inc. increased its holdings in shares of Honeywell International by 1.9% in the second quarter. Gilbert & Cook Inc. now owns 2,885 shares of the conglomerate’s stock worth $599,000 after purchasing an additional 53 shares during the last quarter. 75.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HON has been the subject of several recent analyst reports. Berenberg Bank upgraded Honeywell International from a “hold” rating to a “buy” rating and boosted their target price for the company from $195.00 to $240.00 in a research report on Wednesday, March 6th. Royal Bank of Canada decreased their price objective on Honeywell International from $210.00 to $209.00 and set a “sector perform” rating for the company in a report on Friday, February 2nd. Barclays raised their target price on Honeywell International from $225.00 to $230.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 6th. Finally, Wells Fargo & Company raised their target price on Honeywell International from $190.00 to $213.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $220.89.

Read Our Latest Stock Analysis on Honeywell International

Honeywell International Trading Down 0.8 %

NASDAQ HON traded down $1.55 during mid-day trading on Tuesday, reaching $200.46. 1,055,986 shares of the stock were exchanged, compared to its average volume of 3,038,420. Honeywell International Inc. has a 1-year low of $174.88 and a 1-year high of $210.87. The business’s fifty day simple moving average is $199.23 and its 200 day simple moving average is $195.42. The stock has a market capitalization of $130.74 billion, a PE ratio of 23.76, a PEG ratio of 2.31 and a beta of 1.02. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.93 and a current ratio of 1.27.

Honeywell International (NASDAQ:HONGet Free Report) last announced its quarterly earnings data on Thursday, February 1st. The conglomerate reported $2.60 earnings per share for the quarter, topping the consensus estimate of $2.59 by $0.01. Honeywell International had a net margin of 15.43% and a return on equity of 35.17%. The company had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.70 billion. During the same period last year, the business earned $2.52 EPS. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, research analysts anticipate that Honeywell International Inc. will post 9.96 earnings per share for the current fiscal year.

Honeywell International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $1.08 dividend. This represents a $4.32 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Thursday, February 29th. Honeywell International’s dividend payout ratio is 51.00%.

Insider Transactions at Honeywell International

In other news, Director Darius Adamczyk sold 25,500 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $197.19, for a total value of $5,028,345.00. Following the completion of the transaction, the director now owns 183,400 shares in the company, valued at approximately $36,164,646. The sale was disclosed in a filing with the SEC, which is available at this link. 0.43% of the stock is owned by corporate insiders.

Honeywell International Company Profile

(Free Report)

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company's Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.

Further Reading

Institutional Ownership by Quarter for Honeywell International (NASDAQ:HON)

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